The 2 Most Important Financial Reports Every Entrepreneur Must Master

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Navi Maraj, CPA

Navi Maraj, CPA

Күн бұрын

💰 Ready to save THOUSANDS in taxes? Enroll in my course here 👉
navimarajcpa.teachable.com/p/...
Join Navi Maraj in this insightful video as he delves deep into the essential financial reports that every entrepreneur must master. Understanding these reports is crucial for managing your business's financial health, and you'll be equipped to make informed decisions that drive the growth and success of your entrepreneurial journey. Watch now and enhance your financial knowledge!
💰Check out our website - navimarajcpa.com/
💰 Ready to save THOUSANDS in taxes? Enroll in my course here 👉
navimarajcpa.teachable.com/p/...
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ABOUT ME
I help entrepreneurs save thousands of dollars in taxes! I accomplish this in two ways:
1. Course
I've created a course designed to convert business owners into tax-savvy entrepreneurs who confidently implement strategies that save them thousands of dollars in taxes each year.
2. Full-Service Accounting & Tax Firm
We help entrepreneurs with their tax preparation, tax planning & implementation of strategies, bookkeeping, payroll, and wealth creation via our full-service CPA firm.
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RECOMMENDED VIDEOS
If you enjoyed this video, I invite you to watch the following two:
• CPA EXPLAINS Tax Diffe...
• Sole Prop, LLC, S Corp...
I guarantee you will find them valuable.
CHAPTERS
00:00 Introduction
01:52 The Profit and Loss Statement: Explained
07:20 The Balance Sheet: Explained
13:49 Final thoughts
MUSIC LICENSE/S
Item Title: In The Chill Trap
Item ID: G7M7CBK
Author Username: MaikonMusic
Licensee: Hex Creative Studio
Registered Project Name: Hex Creative Studio
License Date: January 3rd, 2024
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Disclaimer:
This video was created for informational purposes and it is not to be construed as legal and tax advice specific to your unique situation. Some of the links above are affiliate links which means that if you purchase a product or service with the provided link, I may receive a commission with no additional cost to you.
© Navi Maraj CPA PLLC. All rights reserved.
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Пікірлер: 9
@NaviMarajCPA
@NaviMarajCPA 5 ай бұрын
💰 Ready to save THOUSANDS in taxes? Enroll in my course here 👉 navimarajcpa.teachable.com/p/smallbusinesstaxessale
@RaidelLA
@RaidelLA 5 ай бұрын
Hello Navi. My name is Raidel Arencibia. I’m a business owner here in Florida. First of all, thank you for this videos and all the other videos I have watched here in your channel. They’re all great videos and very informative. . I have a question for you. If I wanted to hire you as my CPA/Tax Strategist for my company, is that something I can do or are you not taking any more clients at this time ? Let me know. Thank you in advance.
@JessicaOS
@JessicaOS 5 ай бұрын
Fanatic presentation as always. Thanks 😊 I'm a fan of your channel
@NaviMarajCPA
@NaviMarajCPA 5 ай бұрын
Glad to have you! Thanks so much for the feedback!
@manjotsandhu3312
@manjotsandhu3312 4 ай бұрын
Thank you for all wonderful and informational videos. If I am service based business, I have to purchase products to provide services like Botox and peels. Where do I enter these expenses on my S corp taxes. Are the products considered inventory while filling taxes or under assets, or other business expenses?? Thank you
@michaelenglish2140
@michaelenglish2140 5 ай бұрын
Should there be an expense for the S Corp portion of the FICA and Medicare tax?
@rhubert2539
@rhubert2539 5 ай бұрын
Navi, I started my business last year so this is my first year to carry over. Do I carry a balance to my 2024 p&l from 2023 or how do I start this year’s document?
@NaviMarajCPA
@NaviMarajCPA 5 ай бұрын
Congrats on starting your business. You may want to rewatch this video one more time as I do cover this within the video. The P&L account balances all reset to $0.00 on the first day of the new year. The balance sheet account balances carry over from year to year with some exceptions in the equity section of the balance sheet which I covered in the video.
@rhubert2539
@rhubert2539 5 ай бұрын
@@NaviMarajCPA lol…I was still watching when I asked. Should have waited until the end. Thanks for such a quick reply though!!
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